Summary of Non-Employee Director Compensation for Board and Committee Service
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Summary
This document outlines the compensation structure for non-employee directors of the company. Directors receive an annual fee, additional payments for attending meetings in person, and extra fees for serving on or chairing board committees such as the audit, compensation, and nominating committees. Travel expenses for in-person meetings are reimbursed. The compensation varies depending on the director's specific roles and committee memberships.
EX-10.25 3 f18084exv10w25.htm EXHIBIT 10.25 exv10w25
Exhibit 10.25
Summary of Non-Employee Director Compensation
| Non-Employee | Fee for meetings | ||||||||||||
| Director | Annual Fee | attended in person | Committee service fee | ||||||||||
Stephen Humphreys, Chairman | $ | 20,000 | $1,000, plus reimbursement of travel expenses | $4,000 for nominating committee chairmanship Prorated portion of $2,000 fee for compensation committee membership Prorated portion of $5,000 fee for audit committee membership | |||||||||
Manuel Cubero | $ | 10,000 | $1,000, plus reimbursement of travel expenses | $2,000 for compensation committee membership | |||||||||
Hagen Hultzsch | $ | 10,000 | $1,000, plus reimbursement of travel expenses | $5,000 for audit committee membership $2,000 for nominating committee membership | |||||||||
Oystein Larson | $ | 10,000 | $1,000, plus reimbursement of travel expenses | ||||||||||
Ng Poh Chuan | $ | 10,000 | $1,000, plus reimbursement of travel expenses | $5,000 for audit committee membership | |||||||||
Simon Turner | $ | 10,000 | $1,000, plus reimbursement of travel expenses | $10,000 for audit committee chairmanship $2,000 for compensation committee membership $2,000 for nominating committee membership | |||||||||
Andrew Vought | $ | 10,000 | $1,000, plus reimbursement of travel expenses | $5,000 for audit committee membership $4,000 for compensation committee chairmanship | |||||||||
